Ready to go: Calcasieu Pass fires up for LNG exports, with the first cargo to be loaded in days.
Feedgas flows totalled ~110 mcm since the beginning of the year, so just enough to produce one healthy dose of LNG cargo and loaded on the board of the Yiannis vessel, already waiting nearby Cameron.
The gradual commissioning of the Calcasieu Pass will make the US the world’s largest liquefaction capacity holder in 2022, just 6 years after the first shipments started from Sabine Pass back in 2016.
The Terminal is also an engineering marvel, with 9*2 small modular liquefaction trains, allowing for substantial cost savings.
The estimated unit cost of Calcasieu Pass is just about ~500/t, one of the lowest in the industry and certainly welcomed in the current high gas price environment.
What is your view? What is next for US LNG? And what is next for Venture Global? With about 60 mtpa of liquefaction capacity in the pipeline, could they become the next LNG giant? Will the modular model work?
Source: Greg MOLNAR (LinkedIn)